One of the criticisms of the NLRB is that they are too powerful and are constantly fining companies exorbitant amounts of money for not
Q: What shall be the proper treatment of donated shares from stockholders? Group of answer choices a.…
A: when shares are donated from shareholders they received the shares and shareholders is right to…
Q: 19. Odette has a base monthly salary ofS1,500 and earns a 5% commission on all sales she makes at…
A: A significant part of sales remuneration is commission. It is the sum of money earned by a salesman…
Q: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $103 $32 Accounts receivable (net) 58 40 Inventories 37 22…
A: Statement of Cash flows is a Summary of all expected cash inflows and cash outflows incurred during…
Q: n October 1, 2021, a company declared to its shareholders a property dividend in the form of pieces…
A: Introduction:- The following basic information as follows under:- On October 1, 2021, a company…
Q: liana purchased land three years ago for $90,100. She made a gift of the land to Tom, her brother,…
A: Unrealized Gain- An unrealized gain is the amount of profit earned by an investor by holding the…
Q: 2 Complete the following table for weekly wages, using the All employees have been employed for over…
A: Gross Wages Gross wages refer to an employee's total pay before taxes and other mandatory and…
Q: Why does it matter to have derivative positions classified as qualified hedges?
A: Derivative Positions: The term "Derivative Position" refers to any option, warrant, convertible…
Q: A company has an overdue 10% note payable to Filipino Bank amounting to P8,000,000 with accrued…
A: Debt Restructuring - It is an event under which debtor is in financial difficulty and creditors…
Q: Problem No. 4 On December 31, 2014, YEN Inc. issued a 3-year P4,500,000 serial bonds payable with…
A: The bonds payable are issued at premium as market rate is lower than the coupon rate of bonds…
Q: To encourage entities to expand their operations in a specified development zone, where it is…
A: The accrual concept is one of the key concepts in accounting and it is based on the belief that the…
Q: ine at a cost of $70, ears and a salvage va ear asset, that Ben c , and that Ben purch
A: Given as, Cost of the Machine = $ 70,000 Salvage Value = $ 10,000
Q: may be overlooked by many IT professionals, which may have a negative influence on the project's…
A: The concept of sun cost is associated with all those cost and expenditure which have been encloud…
Q: 30. In a make-or-buy decision, a potential supplier comes to you offering to make your product for…
A: Net income will be the same at a price equal to the Relevant cost per unit of making the product.…
Q: During 2020, Strawberry Corporation purchased several equity securities, all of which are designated…
A:
Q: Contrast activity-based costing (ABC) with activity-based management (ABM). Question…
A: ABC system of cost accounting is based on activities , which are considered any event, unit of work…
Q: * 0O T # 3 la Uni X L Grades for Cristian Catala: 22s X WP Ch7quiz with TF5 WP NWP Assessment Player…
A: Activity-based costing (ABC) is a method of assigning overhead based on activities, which are…
Q: On April 1, 2028, A Company issued a P 9.000,000 non-interest-bearing note due March 31, 2031, for a…
A: Interest expense = P469,112
Q: ng to P400,000. Its other income included bank interest income of P8,000, net of final withholding…
A: The answer has been mentioned below.
Q: You want to buy a car and you want your payments to be $500 per month. You can finance the car for…
A: Equated monthly installment (EMI): = [P×R×(1+R)n] ÷ [(1+R)n-1]
Q: s as his dependent. Assume arried separate) claiming item ally that Chris has AGI of $50_ emized…
A: To explain the correct option as,
Q: What would be the average life time value of a customer?
A: Based on the data given we need to calculate the average life time value of a customer. Firstly let…
Q: Gang company issued 1,000,000 shares of common stock. Of these 150,000 shares were held as treasury…
A: No. of shares issued means shares issued by the company including the shares purchased by the…
Q: the co-ownership?
A: The co-owners are the owners of the property, they own the property jointly. Co-owners enjoy the…
Q: What is the adjusted cash in bank on December 31, 20XX?
A: The calculation of adjusted cash in bank on December 31, 20XX is shown hereunder : Balance as per…
Q: Ending inventory value using LIFO? Date Description Quantity Unit Cost or Selling Price Dec. 31…
A: Introduction: LIFO: LIFO stands for Last in First out. Which means last received inventory to be…
Q: Financial statement data for the year ending December 31 for Langford Company are as follows: Net…
A: As per IAS 33 Earnings per share Earnings per share = (Net income - preferred Dividend)/weighted…
Q: On December 31, 2021, the company presented the following information: Ordinary share capital, P50…
A: Cost Value of Property, plant and equipment is P8,000,000 Book Value of Property, plant and…
Q: Alexia Jones is a worker at a local 24-hour pharmacy. Alexia works the night shift and is the only…
A: Fraud seems to be a deliberate deception intended to achieve an illegal advantage for the offender…
Q: On January 1, 2018, RRR Partnership entered into liquidation. The partners' capital balances on this…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: On April 1, 2028, A Company issued a P 9,000,000 non-interest-bearing note due March 31, 2031, for a…
A: The interest expense is the amount of interest to be paid during the period.
Q: Additional Information: · The 10% bank note payable is Issued on January 1, 2025, payable…
A:
Q: Marigold Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2021, the…
A: Income Statement- An income statement is one of the three major fiscal statements used for dealing a…
Q: . From the following balances taken from the books of jakson and watson Ltd. for the year ending…
A: The profit a corporation generates after subtracting the costs of making, selling, and providing…
Q: Under Application Guidance 36 of IAS 32, an entity’s own equity instruments also known as treasury…
A: IAS 32 is providing guidance on classification of financial instruments as financial liabilities and…
Q: Answer no. 2 and 5 question.
A: Contribution margin per unit is the contribution which has come from the sales per unit which…
Q: The majority of financial instruments are valued using: Group of answer choices fair value…
A: Financial instruments are the assets that can be traded. Most of the financial instruments provide…
Q: JJ Corp. purchased a new machine with an estimated useful life of 5 years with no salvage value of P…
A: Payback period is the period during which the initial investment in a project is recovered from its…
Q: XYZ is evaluating whether to loosen its credit terms from 2/10, net 30 to 3/10, net 30. At present,…
A:
Q: A company has suffered operating losses for some time but is now operating profitably and expects to…
A: Quasi-reorganization is done by a financially troubled company to revalue its accounts by deducting…
Q: Consider the following summarised balance sheet and associated average interest rates for RBK bank…
A: Since you have posted a question with multi sub-parts, we will solve the first three sub-parts for…
Q: How much is the taxable income if the taxpayer is an ordinary partnership and opted for OSD? Group…
A:
Q: 5. The following items affect the retained earnings account, except Group of answer choices a. net…
A: Retained earnings is the part of stockholders' equity. It is the part of income set aside to be…
Q: On October 1, 2021, a company declared to its shareholders a property dividend in the form of pieces…
A: The profit and loss statement is a financial term that summaries the sales ,cost expenses incurred…
Q: The Danice Corporation was incorporated on January 1, 2005, with the following authorized…
A:
Q: Donahue Oil has an account titled Oil and Gas Properties. Donahue paid $6,700,000 for oil reserves…
A: Depletion expense is the reduction in the value of asset due to its use. Depletion is a…
Q: In the absence of evidence to the contrary, all the retained earnings of an entity can be declared…
A: Treasury Stocks These are the issued shares that have been reacquired by the company. Treasury…
Q: The Work in Process inventory account of Ninetales Publishing Inc shows a total manufacturing cost…
A: Overhead cost = ₱20,000 - ₱6,000 - ₱5,000 - ₱2,000 - ₱4,000 = ₱3,000
Q: In the course of your audit of the financial statements of Apayao Corp. for the period ended…
A: The statement which shows the summary of the activities of the bank and the business is known as the…
Q: Genie Company has operating income after taxes of P50,000. It has P200,000 of equity capital, which…
A: Economic value added is value addition in something, It is a measure of the financial instruments of…
Q: In connection with your audit of the financial statements of the Pin Shop Company for the year 2020,…
A: Ordinary shares refers to those shares which are available on the public exchange for the sale. It…
Step by step
Solved in 2 steps
- Consider the following conversation between Gary Means, manager of a division that produces industrial machinery, and his controller, Donna Simpson, a certified management accountant and certified public accountant: Gary: Donna, we have a real problem. Our operating cash is too low, and we are in desperate need of a loan. As you know, our financial position is marginal, and we need to show as much income as possibleand our assets need bolstering as well. Donna: I understand the problem, but I dont see what can be done at this point. This is the last week of the fiscal year, and it looks like well report income just slightly above breakeven. Gary: I know all this. What we need is some creative accounting. I have an idea that might help us, and I wanted to see if you would go along with it. We have 200 partially finished machines in process, about 20% complete. That compares with the 1,000 units that we completed and sold during the year. When you computed the per-unit cost, you used 1,040 equivalent units, giving us a manufacturing cost of 1,500 per unit. That per-unit cost gives us cost of goods sold equal to 1.5 million and ending work in process worth 60,000. The presence of the work in process gives us a chance to improve our financial position. If we report the units in work in process as 80% complete, this will increase our equivalent units to 1,160. This, in turn, will decrease our unit cost to about 1,345 and cost of goods sold to 1.345 million. The value of our work in process will increase to 215,200. With those financial stats, the loan would be a cinch. Donna: Gary, I dont know. What youre suggesting is risky. It wouldnt take much auditing skill to catch this one. Gary: You dont have to worry about that. The auditors wont be here for at least 6 to 8 more weeks. By that time, we can have those partially completed units completed and sold. I can bury the labor cost by having some of our more loyal workers work overtime for some bonuses. The overtime will never be reported. And, as you know, bonuses come out of the corporate budget and are assigned to overheadnext years overhead. Donna, this will work. If we look good and get the loan to boot, corporate headquarters will treat us well. If we dont do this, we could lose our jobs. Required: 1. Should Donna agree to Garys proposal? Why or why not? To assist in deciding, review the corporate code of ethics standards described in Chapter 1. Do any apply? 2. Assume that Donna refuses to cooperate and that Gary accepts this decision and drops the matter. Does Donna have any obligation to report the divisional managers behavior to a superior? Explain. 3. Assume that Donna refuses to cooperate; however, Gary insists that the changes be made. Now what should she do? What would you do? 4. Suppose that Donna is 63 and that the prospects for employment elsewhere are bleak. Assume again that Gary insists that the changes be made. Donna also knows that his supervisor, the owner of the company, is his father-in-law. Under these circumstances, would your recommendations for Donna differ?Which of the following is not an example of how payroll can provide input into the union negotiation process? Advise on issues surrounding the cost of increased wages Advise on issues surrounding the timing of retroactive payments Advise on issues surrounding increasing the group benefit package Advise on issues surrounding methods of increasing productivityI go back to my original question! Why do you think accountants have never unionized?
- Costco has a policy of not hiring business school graduates because it wants employees to start at the bottom and work their way up. What are the advantages and disadvantages of this approach?The head of the accounting department is not satisfied with the implementation of the new system. He believes that the new system will result in job losses for many of the bookkeepers. They are threatening industrial action. In your role as project sponsor, what should you do to resolve the situation?Why do people commit fruad in there jobs? what should a manager do if some of its workers committed fraud and been fired and charged criminally.
- 1 What financial arguments could you use to justify your proposedrecommendations to segregate FLTs and the workers?Undertaking FDI, by definition, means not investing in the MNE’s home country. What are the ethical dilemmas here? What are your recommendations as (1) MNE executives, (2) labor union leaders of your domestic (home-country) labor forces, (3) host-country officials, and (4) home-country officials?A company believes that it is subject to scrutiny by particular interest groups such as employee unions because it is earning excessive profits. Do you think that this might influence whether the company prefers to recognize revenue over time for its construction contracts, whether it would prefer to defer profit recognition until the completion of the project? Using this case, discuss whether it be appropriate to recognize revenue at completion of production rather than at the point of sale?
- Suppose that all employers in a perfectly competitive industry do not have a preference for discriminating against African Americans but that all the employees at one firm do. Describe what will happen to the profit-maximizing output level of this firm in the long run if the employees’ racial preferences influence the firm’s hiring decisionsDiscuss why in many liability firms, the managers do not receive a fixed payment for their work, but rather they are paid according to the results (such as profits or sales).Consider again Milton Friedman’s article. 1. What does Friedman mean by “ethical custom”? 2. If the laws of the society are limiting the company’s profitability, would the company be within its rights to disobey the law? 3. What if the law is “on the books,” but the company could count on a lack of enforcement from state officials who were overworked and underpaid? Should the company limit its profits? Suppose that it could save money by discharging a pollutant into a nearby river, adversely affecting fish and, potentially, drinking water supplies for downstream municipalities. In polluting against laws that aren’t enforced, is it still acting “within the rules of the game”? What if almost all other companies in the industry were saving money by doing similar acts?
